High Pressure Protective Packaging Film Market Forecasts to 2028 – Global Analysis By Type (Bubble Wrap, Void-fill Pillows and Other Types), Application (Medical, Aerospace, Electronics, E-commerce, Pharmaceutical, Automotive, Housewares and Other Applica

High Pressure Protective Packaging Film Market Forecasts to 2028 – Global Analysis By Type (Bubble Wrap, Void-fill Pillows and Other Types), Application (Medical, Aerospace, Electronics, E-commerce, Pharmaceutical, Automotive, Housewares and Other Applications) and By Geography

According to Stratistics MRC, the Global High Pressure Protective Packaging Film Market is accounted for $32.1 billion in 2022 and is expected to reach $49.2 billion by 2028 growing at a CAGR of 7.3% during the forecast period. High pressure protective packaging film is a product of packaging which utilizes and stores air between its layers to add an extra layer of protection from any external factors that might affect the contents of the package. With the implementation of this packaging method, the users can achieve decline in weightage of packing as well as reduce the overall cost in transportation without compensating on the protection. Due to the presence of air in these films, a layer of protection is formed around the package without the requirement of any extra layer of rigid packaging.

Market Dynamics:

Driver:

Rising demand for safety packaging

Rising demand for safety packaging from various industries like chemical, food and beverages, automotive, and electronics is a key factor driving the market. The need of protective packaging for fragile items such as glass and other sensitive electronics devices boost the growth. Moreover, rising modernization and technological advancements in the production techniques are the major factors propelling the growth of the market.

Restraint:

Strict government regulations

People becoming more conscious regarding environment and follow the government regulations by avoiding the use of plastic which hamper the growth of the market. Furthermore, the highly flammable nature and non-disposable property of plastic, which affects the environment restricts their use globally. Highly increasing availability of other sustainable alternatives hinders the market during the projected period.

Opportunity:

Increasing demand for eco-friendly packaging materials

Increasing awareness regarding environment leads to rising environmental concern among the masses. Double-sided bubble wrap for more shock absorption and anti-static bubble wrap for packing electronics items are becoming more popular in the market. Furthermore, highly demand for the recyclable bubble wrap and the rapid technological advancement in the packaging industry projected to drive the market.

Threat:

Availability of alternatives

Increasing alternatives for high pressure protective packaging films such as paper, foam, void fillings which are comparatively light, efficient and cheap may hamper the market growth. In addition, growing environmental concerns because of the waste which is generated by protective packaging are expected to hinder the growth of the market.

Covid-19 Impact

In COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global High Pressure Protective Packaging Films market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Additionally, the high costs associated with the installation and maintenance of these machines is also a factor that may hamper the revenue growth of the global High Pressure Protective Packaging Films market over the course of this forecast period.

The bubble wrap segment is expected to be the largest during the forecast period

The bubble wrap segment is estimated to have a lucrative growth, due to rising demand for protective packaging. This packaging is a lightweight, durable, and low-cost material, which is considered to be an ideal option for packaging that enhances protection of objects from damage during handling, storage, and shipment. It is widely used across various industries for wrapping fragile products that requires a thick layer of support to protect from direct contact other objects. This packaging is moisture-free, soft, and flexible which makes them popular in protective packaging market that leads to generates high demand in the global market.

The e-commerce segment is expected to have the highest CAGR during the forecast period

The e-commerce segment is anticipated to witness the fastest CAGR growth during the forecast period, due to adopting new technologies such as identifying the purchasing patterns of the customers and then targeting them. In response to this, high-pressure protective packaging film providers are offering robust packaging solutions to sustain damages during handling and logistics. Hence, the demand for the e-commerce packaging for secure delivery of goods will also increase.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increase in the manufacturing activities coupled with growing e-commerce sector, increasing emergence of new materials, rising research and development operations for innovative products and rising adoption for protective packaging in various sector in this region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to concerns and awareness for sustainable packaging technologies. Rising concerns and awareness for sustainable packaging technologies and rising urbanization coupled with growing disposable income in this region.

Key players in the market

Some of the key players profiled in the High Pressure Protective Packaging Film Market include Fujifilm, Sealed Air Corporation, DowDuPont, Pregis LLC, Automated Packaging Systems, IVEX Protective Packaging, Supreme Industries Limited, Barton Jones Packaging, Rajapack Limited, Future Packaging and Machinery, Tarheel Paper & Supply Company, Abco Kovex, Hafliger Films and Fruth Custom Plastics.

Key Developments:

In May 2019, Sealed Air Corporation signed a definitive agreement to acquire Automated Packaging Systems, Inc for a purchase price of USD 510 million on a cash and debt-free basis. This transaction is expected to expand the customer base and strengthen the product portfolio for the Sealed Air Corporation.

In September 2018, Pregis LLC, under its Inspyre protective packaging brand, added pink and black color options to its hybrid cushioning (HC) packaging film products. HC features multiple air chambers in a proprietary square pattern that provides superior, high-pressure cushioning.

Types Covered:
• Bubble Wrap
• Void-fill Pillows
• Other Types

Applications Covered:
• Medical
• Aerospace
• Electronics
• E-commerce
• Pharmaceutical
• Automotive
• Housewares
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements